Identify Which of the Following Statements Is True About Secured

question 124

Multiple Choice

Identify which of the following statements is true about secured transactions in provinces having a personal property security act.

• A) Only tangible personal property can be used as security.
• B) All kinds of security arrangements involving personal property as collateral now come under one statute.
• C) Various kinds of secured transactions, such as conditional sales, chattel mortgages, etc., are regulated by their own distinct statutes.
• D) This kind of transaction, which formerly was legal, is now prohibited by law in all provinces.
• E) An assignment of an account receivable does not qualify as a security arrangement because no tangible property is involved.

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Definitions:

Great Arteries

Major arteries that carry blood away from the heart to various parts of the body, notably the aorta and the pulmonary arteries.

Atria

The heart's two top chambers that take in blood from the veins and move it to the ventricles.

Cardiac Tamponade

A critical condition where fluid accumulates in the sac surrounding the heart, restricting its ability to pump blood.

Preload

The degree of stretch of the cardiac muscle fibers at the end of diastole, prior to contraction; it affects the force of contraction and cardiac output.